The Scottish Partnership for Regeneration in Urban Centres (SPRUCE), is an innovative source of finance for projects aligned to key Scottish Government policies. As the Scottish Government’s fund manager Amber has utilised SPRUCE capital to deliver successful investments in regeneration, property and sustainable energy projects.
The fund was originally set up using the European Regional Development Fund (ERDF) under the European Commission’s JESSICA initiative (Joint European Support for Sustainable Investment in City Areas) and is based on the premise that sustainable urban development is a key factor in the long term social, economic and environmental success of our cities. This investment approach delivers improved longer term outcomes through creating value in the built environment and the communities the fund serves.
Since early 2016 SPRUCE has been recycling its original capital as well as investing additional public and private sector funds into eligible projects. Investment criteria are now broader than previously, and the fund can invest anywhere in Scotland.
For queries on SPRUCE or to discuss potential projects, please contact firstname.lastname@example.org
Case studies of SPRUCE's Urban Development projects can be found here.
Case studies of SPRUCE's Sustainable Energy projects can be viewed here.